The town has switched real estate agents and lowered the price to sell a renovated colonial that's been on the market for months.

The downtown home at 204 Arthur St., near Butterworth Park, hasn't interested buyers despite having a fresh look thanks to the town's Neighborhood Stabilization Program.

"We're just trying to move it and it's been a tough sell - I don't understand why," said Kevin Bumpus, executive director of the Framingham Housing Authority, which is working with the town. "We're hoping with a local person that knows the market a little better and has a lot of walk-in traffic that we can really get this done."

RE/MAX One Call Realty agent Chris Mahoney, who has an office downtown, takes over for Harvard-based Maureen O'Hagan, who didn't have success selling the four-bedroom, two-bath home.

It's now listed at $249,900, minus a $15,000 buy-down subsidy if the buyers commit to stay for 10 years. The home was initially priced at $310,000, with a $25,000 subsidy.

Formerly an illegal three-family, crews converted it to a single-family home with selling points, including new appliances and refinished hardwood floors.

"We've also decided to put a new roof on it, recently," the Housing Authority's Deputy Director of Operations Paul Lander said. "We just did that. The property is in pristine shape."

Under the program's income guidelines, households can only make up to 120 percent of the area's median income. For a family of four, that would be $106,000.

O'Hagan initially tried to sell the home by lottery in February, but when nobody applied, she sought to sell it to the first qualified buyer.

Gene Kennedy, assistant director of the town's Community and Economic Development division, said he'd like to see the home sold by winter.

"We'd really like to see it go to a nice family," Landers said.

This is the fifth house the town bought in foreclosure and then fixed up using $1.2 million in federal seed money, all in an effort to beautify neighborhoods. Three eventually sold, while the Housing Authority added a fourth to its housing stock.

Crews are set to wrap up renovations of another home at 48 Conant Road by Dec. 1, Landers said.

Danielle Ameden can be reached at 508-626-4416 or dameden@wickedlocal.com. Follow her on Twitter @DanielleAmeden.